Wankpanzer Oder Uberwankpanzer ?

[HGS]

BMW service is 12 months / 6000 miles, yet the PCP is first offered at 5000 PA ( BMW cars are the same with the annual mileage even though the servie now is condition based)
On my car it works out about 2 years for car service as I get nowhere near the required mileage use
The more popular the BMW motorcycle model, the higher the interest rate they charge, and you are paying interest for the 3 years on the final payment amount on PCP
PCP allows people to purchase / rent a vehicle they otherwwise wouldn't get and that is how they get the customers. It is also made easier to stay with whichever brand
The bike I have now I bought June 2022, had a good discount and paid 18k, now at BMW Motarrad as PX it is worth 11k. The trade in values for the 1250 have suffered, including a new model coming out, but there is a deluge of 1250 GS's both inside the BMW approved (Probaly mainly PCP returns) and at independent dealers
I won't be buying another new BMW in the near future. I got a free extra 2 years warranty when I bough this one, so it has BMW cover until 2027
I will be 65 then so will more than likely be looking at a lighter bike, if not before the warranty expires
I really do like the 1250GS. I've had 2 and both have been faultless covering 29k miles.
I wanted a 1300GS, but to get the height adaptive ride I'd have to give BMW around £9000 and my bike.....and that is not happening
They have got greedy and they can FRO

 

[littleade]

BMW service is 12 months / 6000 miles, yet the PCP is first offered at 5000 PA ( BMW cars are the same with the annual mileage even though the servie now is condition based)
On my car it works out about 2 years for car service as I get nowhere near the required mileage use
The more popular the BMW motorcycle model, the higher the interest rate they charge, and you are paying interest for the 3 years on the final payment amount on PCP
PCP allows people to purchase / rent a vehicle they otherwwise wouldn't get and that is how they get the customers. It is also made easier to stay with whichever brand
The bike I have now I bought June 2022, had a good discount and paid 18k, now at BMW Motarrad as PX it is worth 11k. The trade in values for the 1250 have suffered, including a new model coming out, but there is a deluge of 1250 GS's both inside the BMW approved (Probaly mainly PCP returns) and at independent dealers
I won't be buying another new BMW in the near future. I got a free extra 2 years warranty when I bough this one, so it has BMW cover until 2027
I will be 65 then so will more than likely be looking at a lighter bike, if not before the warranty expires
I really do like the 1250GS. I've had 2 and both have been faultless covering 29k miles.
I wanted a 1300GS, but to get the height adaptive ride I'd have to give BMW around £9000 and my bike.....and that is not happening
They have got greedy and they can FRO

When I had my 1st 1200GS TE back in 2015 the cost difference between it and the RS and then the RS and R was roughly the same. Now the gap between the RS and GS has grown, even the 1250 GS TE was around the 20k mark before the 1300 replaced it and as they shared a lot of common parts and the specs were similar if you added a few extras to the RS and R BMW are just taking the p1ss.

 

[Troppo]

I’ve just watched a video where the owner of a new 24 plate 1300GS (now 10 months old with 9k Miles) was offered £8000 less than he bought it for by his local dealer.

Yes folks £8000 depreciation in 10 months.

We are so short in Oz, I could sell my 719 for what I paid for it.

 

[Pukmeister]

I'd wager that over half the people you see driving around in flash motors and riding expensive motorcycles can't actually afford them.

The manufacturers knew this, which is why they invented the PCP schemes to keep sales moving.

They have hoodwinked us all by making the finance 'affordable' on a monthly basis without ever fully owning the vehicle, then raised the selling prices off the back of it. Couple that with a deliberate devaluing of end-of-term machines to promote the buyer into entering a new deal rather than finding the cash to complete the transaction and you end up where we are now. A glut of unsold used stock and an overpriced new model that few have the capital now to spend on.

Dealers are going to struggle.

 

[stever1]

I'd wager that over half the people you see driving around in flash motors and riding expensive motorcycles can't actually afford them.

The manufacturers knew this, which is why they invented the PCP schemes to keep sales moving.

They have hoodwinked us all by making the finance 'affordable' on a monthly basis without ever fully owning the vehicle, then raised the selling prices off the back of it. Couple that with a deliberate devaluing of end-of-term machines to promote the buyer into entering a new deal rather than finding the cash to complete the transaction and you end up where we are now. A glut of unsold used stock and an overpriced new model that few have the capital now to spend on.

Dealers are going to struggle.

If the current trend of dealers closing continues, and bike sales falling, I wonder what effect that’ll have on prices.
On one hand, fewer dealers could mean firmer prices.
On the hand, desperation for sales may ease prices.

 

[Davey B]

Who says the average mileage is 4 k ?

The industry...insurance co's....the Govt travel survey....they all point to 3 to 5k miles

That’s me knackered then. The wing is 4 years old and 31k.
NC is 7 months old 5.5 k
I did 7.6k on the ADV350 in a year. Don’t know how, didn’t use it much

Which shows that; as a fair few on here do way over average.....some others are doing far fewer than 4k a year. (256 x 1250GSAs for sale on Autotrader and just 12 have more than 20k miles)

 

[stever1]

The industry...insurance co's....the Govt travel survey....they all point to 3 to 5k miles

Which shows that; as a fair few on here do way over average.....some others are doing far fewer than 4k a year. (256 x 1250GSAs for sale on Autotrader and just 12 have more than 20k miles)

That’s interesting, if I was only doing 3 or 4 k a year I’d get rid of the bikes on cost grounds.

 

[G&T]

I'd wager that over half the people you see driving around in flash motors and riding expensive motorcycles can't actually afford them.

Take a walk around the housing estates and you’ll see £50k+ expensive cars sat in front of *hitty houses.

I remember buying outright my first car - a crumbling mini, but I was so chuffed. There was no stigma to an old car - it was expected at that age. Today it’s all ‘The only way is Essex’ and flash motors. Sad really.

 

[stever1]

Take a walk around the housing estates and you’ll see £50k+ expensive cars sat in front of *hitty houses.

I remember buying outright my first car - a crumbling mini, but I was so chuffed. There was no stigma to an old car - it was expected at that age. Today it’s all ‘The only way is Essex’ and flash motors. Sad really.

You’re absolutely right.
This is the main reason the younger generation is f####d. they want it all now, and they want the ‘best’. But it tends to be on credit. Then they complain they can’t afford a house.

 

[theoneandonly]

i own all my bikes .
i've borrowed money to buy 2 of them over the years , i still own 1 of them , £8000 is the most i've ever paid for 1 , i still have that one too.

£20K+ you are having a laugh , do Motorrad shops have big windows and are on the corner ??? so they can see the mugs coming ?

 

[gateway77]

As someone else already posted, the price for a new base bike now is the same as 2010* once you allow for inflation - so nothings really changed. (*using BoE Inflation Calculator)

Once you ride / drive out of any showroom you've lost 25% before you've got home in most cases - plus the VAT.
So a base GS 2024 with a reasonable option list and luggage comes up to £25k pretty easily.
Bike less vat is then roughly £20k.
Less 25% = £15k

Looking at it like that makes an offer of £8-9k ish to change for a new loaded £27k GSA sound quite a good deal.
But you've still lost £10k whether you've done 1000 miles or 10,000.
That's very hard to swallow however you do the maths.

 

[Deleted account 250319001]

On PCP, are you restricted to 6k miles per year ?
Imagine paying 27k for a bike and being told "You can go out any more, Because of the PCP agreement

Loving the comments here, it does look like it will be pricing itself out of the market for many, Its a little like my hotels and restaurants, You will never see the Riff-Raff propping up the bar !

 

[G&T]

And therein lies some of the bullshit .
The new 1300 GSA is marketed as a bike to tour the world but if you actually average more than 350 miles per month then you’re heavily penalised. Utterly ridiculous.

On a BMW agreement you can’t ride your bike in continental Europe for more than 30 consecutive days.

If they found it was in Morocco they’d blow a fuse.

 

[stever1]

On a BMW agreement you can’t ride your bike in Europe for more than 30 consecutive days.

If they found it was in Morocco they’d blow a fuse.

I find that a bit odd.
Many are more mature people who are more likely to have the time for an extended tour.
In my case the longest I’ve done is 40 days.

 

[G&T]

I find that a bit odd.
Many are more mature people who are more likely to have the time for an extended tour.
In my case the longest I’ve done is 40 days.

Exactly. It’s where marketing and finance have a different view.

 

[gateway77]

On PCP, are you restricted to 6k miles per year ?
Imagine paying 27k for a bike and being told "You can go out any more, Because of the PCP agreement

Loving the comments here, it does look like it will be pricing itself out of the market for many, Its a little like my hotels and restaurants, You will never see the Riff-Raff propping up the bar !

Any PCP is based on what you tell them the average milage will be.
So if you go well over the agreed milage it can be expensive to re-set the 'agreed' future value.

PCP only really works in your benefit if you can use the cash you would have put into an outright purchase to earn more than the cost of the PCP ie. Putting it into a higher paying saving or interest deposit scheme.
Or - if you want to simply say you will spend 'x' amount a year on your passion/hobby and always plan to change every 2/3 years - this then becomes more of a rental scheme which suits some for budgeting ahead.

 

[hic2wo]

Seems to me some of you are more wrapped up with others finances than riding your own bikes , comments about folks shitty houses with expensive cars outside etc , who cares if someone has a pcp , before anyone asks , yes i have a pcp on one of my bikes and i could afford to buy it outright , honestly this is becoming a site for W----rs ..

 

[Deleted account 250319001]

Seems to me some of you are more wrapped up with others finances than riding your own bikes , comments about folks shitty houses with expensive cars outside etc , who cares if someone has a pcp , before anyone asks , yes i have a pcp on one of my bikes and i could afford to buy it outright , honestly this is becoming a site for W----rs ..

What do you mean "Becoming"

 

[stever1]

Seems to me some of you are more wrapped up with others finances than riding your own bikes , comments about folks shitty houses with expensive cars outside etc , who cares if someone has a pcp , before anyone asks , yes i have a pcp on one of my bikes and i could afford to buy it outright , honestly this is becoming a site for W----rs ..

Touched a nerve there

 

[Deleted account 250319001]

Seems to me some of you are more wrapped up with others finances than riding your own bikes , comments about folks shitty houses with expensive cars outside etc , who cares if someone has a pcp , before anyone asks , yes i have a pcp on one of my bikes and i could afford to buy it outright , honestly this is becoming a site for W----rs ..

There's other brands now. Those chinese bikes are super